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Excellent investment opportunity, this Duplex is located in the highly sought after area of Tempe North (South Scottsdale), which is an up and coming, high growth area of N Tempe; LOTS of new construction and rehabs abound. Location, Location, Location: less than a mile to 202/101/Tempe Town Lake/ASU and more; just blocks to mass transit, less than 4 miles to: Phoenix Sky Harbor Airport; 2 mi to Old Town Scottsdale and more! Well maintained, remodeled just over a decade ago with low E windows, Trane ACs, roof, underground plumbing, and more. Separate electric meters for each unit. Both units are 2 bedrooms,1 bath, carport with private storage areas, both have units have fenced yards. Zoning is R-2 and opportunity to add more sf to increase rents etc., buyer to verify with city of Tempe Stated rents ($ 1,250 per unit) are based on current market comps of $ 1,200-1,500/mo., as landlord hasn't raised rents in over a decade so current rents are well below market comps; buyer to verify all facts and figures. Tenants have been on a month-to-month rental basis for over a decade. Won't last long!! Multiple comps in area around 500k and this property might be better as it's located on Weber Dr. with beautiful 3 story newer homes located across the street! COMPS - 4 duplexes have sold in the immediate area in the last 18 months: 1124 E TEMPE DR, Tempe, MLS #6570114, $475,000 930 E HENRY ST, Tempe, MLS# 6457594, $519,000 1019 N HAROLD ST, Tempe, MLS #6570114, $545,000 1010 E HENRY ST, Tempe, MLS #6547427, $ 599,000
Property Type(s):
Multi Family
| Last Updated | 10/29/2024 | Tract | NORTH TEMPE 2 |
|---|---|---|---|
| Year Built | 1962 | Community | NORTH TEMPE 2 |
| County | Maricopa |
SCHOOLS
| Elementary School | City Of Tempe Kid Zone Preschool |
|---|---|
| Jr. High School | Tempe High School |
| High School | Tempe High School |
Additional Details
| AIR | Ceiling Fan(s), Central Air, Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Microwave |
| CONSTRUCTION | Block |
| GARAGE | Attached Garage, Yes |
| HEAT | Heat Pump, Natural Gas |
| LOT DIMENSIONS | 65x117 |
| PARKING | Assigned, Attached, Common |
| SEWER | Public Sewer |
| SUBDIVISION | NORTH TEMPE 2 |
| TAXES | 1270 |
| ZONING | R2 |
Location
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Listed with Windermere Real Estate & Property Management
The ARMLS logo indicates a property listed by a real estate brokerage other than Joe Szabo RE/MAX Fine Properties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 11/25/24 6:38 AM PST.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 11/25/24 6:38 AM PST.
This IDX solution is (c) Diverse Solutions 2024.
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